FirstCash (NASDAQ:FCFS) Given Overweight Rating at Stephens

FirstCash (NASDAQ:FCFS)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a report released on Thursday, Benzinga reports. They presently have a $250.00 target price on the stock. Stephens’ price target indicates a potential upside of 19.76% from the stock’s previous close.

A number of other research analysts have also recently issued reports on FCFS. Zacks Research cut shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded FirstCash from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Weiss Ratings downgraded FirstCash from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Loop Capital raised FirstCash from a “hold” rating to a “buy” rating and set a $255.00 price objective on the stock in a research note on Monday, August 10th. Finally, TD Cowen increased their target price on FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FirstCash currently has a consensus rating of “Moderate Buy” and an average target price of $249.25.

FirstCash Price Performance

Shares of NASDAQ FCFS opened at $208.76 on Thursday. FirstCash has a twelve month low of $146.08 and a twelve month high of $238.93. The company has a current ratio of 4.89, a quick ratio of 3.51 and a debt-to-equity ratio of 1.01. The business has a 50 day simple moving average of $215.39 and a 200-day simple moving average of $214.07. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 23.83 and a beta of 0.53.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, July 23rd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.11. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. As a group, equities research analysts expect that FirstCash will post 11.85 earnings per share for the current year.

Insider Transactions at FirstCash

In other news, Director James Graves sold 3,750 shares of FirstCash stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $221.20, for a total value of $829,500.00. Following the completion of the sale, the director directly owned 11,929 shares of the company’s stock, valued at approximately $2,638,694.80. This trade represents a 23.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Howard Hambleton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $212.98, for a total value of $425,960.00. Following the transaction, the insider directly owned 30,406 shares in the company, valued at $6,475,869.88. This trade represents a 6.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,098 shares of company stock valued at $3,051,281 over the last 90 days. 2.86% of the stock is currently owned by corporate insiders.

Institutional Trading of FirstCash

A number of hedge funds have recently modified their holdings of FCFS. Harbor Investment Advisory LLC acquired a new stake in shares of FirstCash in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. bought a new position in FirstCash in the first quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in FirstCash in the 2nd quarter valued at $34,000. Assetmark Inc. lifted its position in FirstCash by 113.2% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock worth $36,000 after buying an additional 103 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in shares of FirstCash by 29.6% during the 1st quarter. Root Financial Partners LLC now owns 245 shares of the company’s stock worth $46,000 after buying an additional 56 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Company Profile

FirstCash Holdings, Inc operates pawn stores and related consumer financial services businesses in the United States and Latin America. Its pawn stores provide collateral-based loans to consumers, while also buying and selling secondhand merchandise such as jewelry, electronics, tools, sporting goods and other personal property.

The company serves customers through pawn locations in the United States and Mexico, as well as selected markets in Central and South America. Its operations are designed to provide short-term, non-recourse credit secured by personal property, along with retail opportunities for value-conscious consumers.